The first quarter results of 2020 for 21 clothing and sportswear companies including Nike, Adidas, H&M, Uniqlo, ZARA, and VF Corporation have been released.
Sports Apparel and Retail
Nike (Nike) released third-quarter quarterly results that exceeded analyst expectations. In the quarter ended February 29, Nike’s revenue rose 5% to $10.1 billion from $9.6 billion a year ago. Net income fell to $847 million, compared with $1.1 billion in the same period last year.
Adidas AG announced its results for the first quarter of 2020. Operating profit fell by 93% in the quarter. to 65 million euros; sales fell 19% to 4.753 billion euros (approximately US$5.32 billion). In the first quarter, the COVID-19 epidemic spread globally, resulting in the closure of a large number of the company’s stores (including brand-operated stores and franchised stores). At the same time, the traffic of other stores also decreased significantly, which had a corresponding negative impact on Adidas’ revenue. . The company’s net income from global continuing operations fell 97% to 20 million euros, compared with 631 million euros in the same period in 2019.
German sports shoes and apparel company Puma (PUMA) announced first-quarter results that were slightly higher than expected. In the first quarter, Puma’s sales fell 1.3% to 1.3 billion euros (approximately 1.4 billion U.S. dollars) after currency adjustments; operating profit fell 50% to 71.2 million euros. Among them, sales in the Asia-Pacific region fell by 12%, but sales in Europe, the Middle East and Africa still increased by 3.5%, and sales in the Americas increased by 3.1%.
American sports and leisure brand Si SKECHERS announced its first quarter 2020 results. Sales in the quarter were US$1.242 billion, compared with US$1.277 billion in the same period last year. Net profit for the quarter was US$49.1 million, compared with US$109 million in the same period last year.
Sports Brand Ander Under Armor announced its results, with revenue of US$930 million in the first quarter, compared with US$1.2 billion in the same period last year; net profit loss of US$589 million, compared with a profit of US$22.5 million in the same period last year. The main reason for the loss was the impact of store closures caused by the epidemic, with operating losses reaching US$558 million.
Asics ) announced its first quarter 2020 results. Net sales in the quarter were 85.3 billion yen (approximately US$800 million), a decrease of 13.5% from 98.7 billion yen in the same period last year. Operating loss in the quarter was 800 million yen, compared with operating profit of 6.1 billion yen in the same period last year. Net loss in the quarter was 200 million yen, compared with net profit of 4.3 billion yen in the same period last year.
Yoga clothing brand Lulu lululemon athletica inc. announced its first quarter results for fiscal year 2020 as of May 3. Net revenue in the quarter was US$652 million, compared with US$782 million in the same period last year. Net profit for the quarter was US$28.63 million, compared with US$96.6 million in the same period last year.
Clothing production and retail
Apparel retailer Swedish H&M Group announced its first fiscal quarter (December 2019-February 2020) results. Net sales in the quarter increased 8% to 54.948 billion Swedish kronor (approximately US$5.5 billion), compared with 51.015 billion Swedish kronor in the same period last year. Pre-tax profit more than doubled to SEK 2.5 billion from SEK 1.04 billion in the same period last year. Profit for the current period was 1.928 billion crowns, compared with 803 million crowns in the same period last year.
Uniqlo parent company Fast Retailing (FAST RETAILING CO., LTD.) announced its results for the first half of fiscal year 2020 (August 2019-February 2020). Revenue for the current period was 1,208.5 billion yen (approximately US$11.1 billion), compared with 1,267.6 billion yen in the same period last year. Among the revenue, Uniqlo Japan was 463.5 billion yen, a year-on-year decrease of 5.7%, Uniqlo International was 541.2 billion yen, a year-on-year decrease of 6.7%, and GU was 132.2 billion yen, a year-on-year increase of 12.9%. Operating profit for the current period was 136.7 billion yen, compared with 172.9 billion yen in the same period last year. Net profit for the current period was 100.4 billion yen, compared with 114 billion yen in the same period last year.
Clothing retailer The TJX Companies, Inc. announced results for the first quarter of fiscal 2020 ended May 2. Net sales in the quarter were US$4.409 billion, compared with US$9.278 billion in the same period last year. The net loss in the quarter was US$887 million, compared with a net profit of US$700 million in the same period last year.
Spanish fast fashion giant Zara Parent company Inditex Group released 202 sales for the year ended April 30In the first fiscal quarter of fiscal year 0, the epidemic blockade forced it to close most of its stores around the world, which had a serious impact on the first fiscal quarter performance. Sales in the first fiscal quarter fell to 3.303 billion euros (about 3.7 billion U.S. dollars), compared with 5.927 billion euros in the same period last year. Operating loss in the quarter was 508 million euros, compared with operating profit of 980 million euros in the same period last year. Net loss in the quarter was 409 million euros, compared with net profit of 734 million euros in the same period last year.
GAP The announcement of results for the first quarter of fiscal year 2020 as of May 2 reflects the significant impact of the public health incident. Sales were US$2.107 billion, a year-on-year decrease of 43%. By brand, Old Navy Global sales dropped 42% year-on-year, Gap Global sales dropped 50% year-on-year, Banana Republic sales dropped 47%, and Athleta sales dropped 8%. Net loss in the first quarter was US$932 million, compared with net profit of US$227 million in the same period last year.
VF Corporation ) announced its fourth quarter and full-year results for the fiscal year ended March 28. Net revenue for the quarter was US$2.102 billion, compared with US$2.357 billion in the same period last year. Net loss in the quarter was US$484 million, compared with US$129 million in the same period last year. Net revenue for the fiscal year was US$10.489 billion, compared with US$10.267 billion in the same period last year. Net profit for the fiscal year was US$679 million, compared with US$1.26 billion in the previous fiscal year.
Victoria’s Secret Parent Company L Brands, Inc. announced results for the first quarter of fiscal 2020 ended May 2. Net sales in the quarter were US$1.654 billion, compared with US$2.629 billion in the same period last year. Net loss in the quarter was US$297 million, compared with net profit of US$40.26 million in the same period last year. Among them, Bath & Body Works sales were US$713 million, a year-on-year decrease of 13%, and Victoria’s Secret sales were US$822 million, a year-on-year decrease of 46%.
Apparel manufacturer Hanesbrands Inc Announcement of first quarter 2020 results. Net sales in the quarter were US$1.316 billion, compared with US$1.588 billion in the same period last year. Net loss in the quarter was US$7.87 million, compared with US$81.09 million in the same period last year.
Levi Strauss, the parent company of Levi’s & Co. announced results for the first fiscal quarter ended February 23. Net revenue for the quarter was US$1.506 billion, compared with US$1.435 billion in the same period last year. Adjusted EBIT profit in the quarter was US$189 million, compared with US$206 million in the same period last year. Net profit for the quarter was US$153 million, compared with US$147 million in the same period last year.
Clothing retailer AEO( American Eagle Outfitters) announced results for the first quarter of fiscal 2020 ended May 2. Total net revenue for the quarter was US$552 million, compared with US$886 million in the same period last year. Net loss in the quarter was US$257 million, compared with net profit of US$40.75 million in the same period last year.
Heilan House released its first quarter report for 2020. During the reporting period, the company achieved operating income of 3.848 billion yuan (approximately US$543 million), a year-on-year decrease of 36.80%, mainly due to the impact of Due to the impact of the new coronavirus epidemic. Achieved net profit of 295 million yuan, down 75.59% year-on-year. The company’s Heilan House series and Sancano brand revenue both declined to varying degrees.
Kontoor Brands, Inc., the parent company of Lee and Wrangler, announced its first quarter 2020 results. Net revenue for the quarter was US$504 million, compared with US$648 million in the same period last year. Net loss in the quarter was US$2.71 million, compared with US$15.41 million in the same period last year.
Semir Apparel released its first quarter report for 2020, achieving operating income of 2.738 billion yuan (approximately US$386 million), a year-on-year decrease of 33.51%; net profit attributable to shareholders of listed companies was 1,748.25 million, a year-on-year decrease of 94.96%.
Clothing retailer Guess Inc announced its first quarter results for the fiscal year 2020 ended on May 2. Net sales in the quarter were US$260 million, compared with US$537 million in the same period last year. Net loss in the quarter was US$158 million, compared with US$21.37 million in the same period last year.
Note: Due to the different financial year ranges of each company, in the summary of results for the first quarter of 2020, the financial ranges of each company are distributed between December 2019 and February 2020, and January 2020. February to March, February to April 2020. </p
